Authorised Collective Investment Schemes (Class B) (Amendment) Rules, 2024

Summary

This instrument amends the Authorised Collective Investment (Class B) Rules and Guidance, 2021, issued by the Guernsey Financial Services Commission. It removes certain provisions relating to unclaimed proceeds and a related disclosure requirement, and took effect on 20 December 2024.

• Rule 5.2 title: The words 'Unclaimed and' are deleted from the heading of Rule 5.2.
• Rule 5.2(2): This sub-rule is deleted in its entirety.
• Rule 8.3(3): This sub-rule is deleted in its entirety.
• Scope limitation: The amendments do not apply to any Authorised Collective Investment (Class B) Scheme that was already authorised by the Commission before these Rules came into force.

In effect, only Class B schemes authorised on or after 20 December 2024 are subject to the amended rule book without the deleted provisions; previously authorised schemes continue under the prior version of the Rules and Guidance.

Applies to

Authorised Collective Investment Schemes (Class B)

Deadlines

• 20 December 2024: Date the amending Rules come into force

Related documents

• This document is made under Protection of Investors (Bailiwick of Guernsey) Law, 2020
• This document amends Authorised Collective Investment Schemes (Class B) Rules and Guidance, 2021